There are several mistakes new art investors should avoid. In this dramatization based on a story by Daniel Grant, the team of Wealth Management at WSJ.com explores some of the pitfalls to avoid.

This transcript has been automatically generated and may not be 100% accurate.

... the E R to your portfolio can be a lot ... here and putting it on your wall ... here's a look at some of the pitfalls are investors a ... one point ... contemporary art ... he'll during our passengers ... but don't buy what everyone else By ... you may be too late or you may be coming into the market ... just as the savvy investors ... going on ... we recommend that collectors love what you're buying ... gifts there's no guarantee in the secondary market ... the BBC doctor ... most are work rises in value gradually ... even when artwork does soar overnight orders to go for a quick kill often find themselves disappointed ... thanks to high transaction costs ... a smart strategy for us to wait ... let the art gradually appreciate so those costs make up the smaller child ... you're from ... you can study for years to develop your eye for art and your understanding of the market ... but the reality is most people don't have the time ... and they need some help figuring out what to buy ... Advisors can help steer you away from second rate pieces ... you identify the best experts ... the art market is cyclical and an adviser should be attuned to what's in it and what sounds ... that person should also specialize in an area in which the investor is interested in the last ...